Guideline Value for Karuneegar street

Karuneegar street guideline value

The current guideline value of Karuneegar street in Sirukalathur village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Karuneegar street has changed

The guideline value for Karuneegar street has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a 150% rise. However, between 2012 and 2017, the value dropped to Rs 335 per sq.ft, representing a decline of 33%. The value then rose to Rs 500 per sq.ft in 2023, a 49% increase, before reaching the current figure of Rs 550 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Karuneegar street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Sirukalathur

In Sirukalathur village, there are 32 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 450 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which aligns with the current value of Karuneegar street.

• K.N.Nagar: Rs 1,000 per sq.ft (2024)
• Kundrathur to Sriperumbuthur Road: Rs 2,900 per sq.ft (2024)
• Madha Nagar: Rs 450 per sq.ft (2024)
• Nagammai Nagar: Rs 550 per sq.ft (2024)
• Nagammai Nagar part II: Rs 550 per sq.ft (2024)
• Eathen Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Karuneegar street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000. Together, the total cost for stamp duty and registration fee would be Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karuneegar street?

The Sub Registrar Office that covers Karuneegar street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirukalathur

The guideline value plays a crucial role in the registration process of property transactions in Sirukalathur. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is used to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Karuneegar street?

The current guideline value of Karuneegar street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What are the other streets in Sirukalathur with their guideline values?

Other streets in Sirukalathur include K.N.Nagar at Rs 1,000 per sq.ft, Kundrathur to Sriperumbuthur Road at Rs 2,900 per sq.ft, and Madha Nagar at Rs 450 per sq.ft, among others.

What are the stamp duty and registration fees for property in Karuneegar street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for Karuneegar street?

The registration for Karuneegar street is handled by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.